Industry Distribution:

1. Financial Services: approx. 35%
2. Energy: approx. 20%
3. Materials: approx. 15%

TOP 3 Markets:

1. Canada: approx. 90%
2. USA: approx. 5%
3. Europe: approx. 3%

The iShares MSCI Canada ETF (EWC) is heavily focused on the Canadian market, which is reflected in the high weighting of companies from Canada. The financial services sector dominates the ETF, followed by energy and materials, which also represent significant shares. The USA and Europe are the next largest markets, but with significantly lower shares.

iShares MSCI Canada ETF (ARCA:EWC) is an exchange-traded fund (ETF) and not a manufacturing company.

The iShares MSCI Canada ETF invests in Canadian companies and tracks the performance of the MSCI Canada Index. Being an ETF, it does not produce physical products and therefore has no production facilities. The fund is managed by BlackRock, one of the largest asset managers globally.

Fund Strategy: Diversification into Canadian stocks
Key sectors: Financial services, Energy, Commodities

The iShares MSCI Canada ETF (EWC) aims to replicate the performance of the MSCI Canada Index. This index includes a wide range of Canadian companies, with a particular focus on the financial services, energy, and commodities sectors. These sectors are traditionally strong drivers of the Canadian economy.

For future growth, the ETF focuses on diversification within these sectors and adapting to market trends. This includes integrating ESG criteria (Environmental, Social, and Governance) into the selection of companies to achieve long-term sustainable returns.

Furthermore, the ETF could benefit from a recovery in commodity prices as well as stable economic development in Canada, supported by political stability and trade relations.

Main Imported Raw Materials/Materials to Canada:

1. Crude Oil and Petroleum Products
2. Machinery and Equipment
3. Vehicles and Vehicle Parts

Main Supplying Countries:

• United States
• China
• Mexico

Canada imports a variety of raw materials and materials to support its industrial production and consumption. The most significant imported goods are crude oil and petroleum products, which are needed for refineries and the energy sector. Machinery and equipment are also of great importance as they are crucial for the manufacturing industry and technological advancement.

The United States is Canada's largest trading partner and supplies a variety of products, especially in the machinery and vehicle sectors. China is an important supplier of electronics and machinery, while Mexico primarily exports vehicles and vehicle parts. These trade relationships are crucial for the Canadian economy and also influence the performance of ETFs like the iShares MSCI Canada ETF.

Current Net Asset Value (NAV): 37.50 USD (estimated 2025)
Total Expense Ratio: 0.50% (estimated 2025)
Market Capitalization: 4.2 billion USD (estimated 2025)

The iShares MSCI Canada ETF (EWC) provides investors with access to a diversified portfolio of Canadian stocks. The competitive advantage of this ETF lies in its broad diversification across various sectors of the Canadian economy, reducing the risk for investors.

Another advantage is the relatively low total expense ratio of 0.50%, which is low compared to actively managed funds and therefore does not heavily impact investors' returns. Additionally, the ETF benefits from iShares' strong market position as one of the leading providers of ETFs worldwide, creating trust and liquidity for investors.

The competitive advantage of EWC also lies in its specific focus on the Canadian market, known for its stability and resource richness. This can be attractive for investors looking to invest in a stable, resource-rich market.

Institutional Investor Share: approximately 75% (2025, estimated)

Insider Buys/Sells: No significant transactions reported (2025, estimated)

The iShares MSCI Canada ETF (EWC) is mainly held by institutional investors, which is typical for ETFs as they are often used by large funds and institutional investors to achieve diversified market exposure.

Insider buys or sells are usually not relevant for ETFs, as they represent a basket of stocks rather than individual companies. Therefore, there are no typical insider transactions as one might observe with individual companies.

Market Share iShares MSCI Canada ETF (EWC): Estimate: 12% (2025)

Top Competitors and Their Market Shares:

1. Vanguard FTSE Canada All Cap Index ETF (VCN): Estimate: 15%
2. BMO S&P/TSX Capped Composite Index ETF (ZCN): Estimate: 13%
3. iShares S&P/TSX 60 Index ETF (XIU): Estimate: 11%
4. Horizons S&P/TSX 60 Index ETF (HXT): Estimate: 9%
5. RBC Canadian Equity Index ETF (RCAN): Estimate: 8%

The iShares MSCI Canada ETF (EWC) holds a significant market share in the Canadian ETF space, although its market share is slightly lower compared to major competitors like the Vanguard FTSE Canada All Cap Index ETF. Competition is intense, and market shares are relatively close to each other.

Economic Moat:

The economic moat of iShares EWC mainly lies in its established brand and wide acceptance among investors seeking diversification in Canadian stocks. iShares also benefits from its global presence and the trust investors have in the BlackRock brand.

Compared to competitors, iShares' economic moat could be considered less strong, as other ETFs like the Vanguard FTSE Canada All Cap Index ETF also offer a strong brand presence and similar diversification benefits. Some competitors may have an advantage through specific cost efficiencies or broader coverage of the Canadian market.

Overall, iShares EWC's economic moat is solid but not insurmountable, meaning that competitors are capable of gaining market share if they strategize effectively.

Assets under Management (AUM): 3.5 billion USD (2024)

Annual Return (3 years): 7.2% (2022-2024)

Expense Ratio: 0.49% (2024)

The iShares MSCI Canada ETF (EWC) provides investors with access to a diversified portfolio of Canadian companies. With assets under management of 3.5 billion USD, the fund demonstrates a solid foundation and attractiveness for investors.

Over the past three years, the ETF has achieved an average annual return of 7.2%, indicating stable performance. This return reflects Canada's economic development, characterized by commodity exports and a stable financial sector.

The expense ratio of 0.49% is moderate compared to other international ETFs, offering investors a cost-effective way to invest in the Canadian market.

Overall, the ETF could be a good investment for investors interested in diversifying into the Canadian market and benefiting from its economic stability. Long-term investors could benefit from the stable performance and moderate costs.

Dividend Yield: 2.5% (2024)

The iShares MSCI Canada ETF (EWC) regularly pays a dividend, which is composed of the earnings from the Canadian stocks held in the fund. The dividend yield was approximately 2.5% in 2024, which can be considered moderate compared to other ETFs in the same sector.

The reliability of the payout depends on the performance of the companies included in the ETF. Since the ETF is diversified and invests in a variety of Canadian companies, the dividend payment is relatively stable. However, economic fluctuations in Canada and changes in the dividend policies of individual companies can influence the payout. Historically, the EWC has maintained a consistent dividend payment.